Currencies Overview after US Session Opening

EURUSD

EURUSD tested 1.19900 but could not break out the resistance. After US Data started to move down. Current price is 1.19400 and the momentum shows that it would test 1.19200 and 1.19000. We will use those level as a BUY opportunity with SL 1.18400.

GBPUSD

The Current GBPUSD price is 1.32500 and it is an important support level for today. Break below this level will carry the price 1.32240 and 1.31900. We will watch this level and if the price holds above 1.32500 we will add long trade with 30-40 pips profit target.

 

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